spaceangel

spaceangel Updated 

1. Elliott Wave Structure Overview: Wave Count: GBP/JPY is analyzed as being in the later stages of a larger impulse wave cycle. Specifically, it suggests that Wave 5 of the broader uptrend is nearing completion. Wave Labels: The internal structure of the ongoing corrective pattern is marked with sub-waves (i, ii, iii, iv, v). The chart highlights that GBP/JPY may...

spaceangel Updated 

Wave Structures and Harmonic Patterns: The current wave count suggests that price action is completing a higher-degree corrective pattern. The presence of a potential Wave C up to a swing failure pattern (SFP) hints at exhaustion of buying pressure. The 0.618 and 0.786 Fibonacci retracement levels align with resistance zones, providing targets for potential...

spaceangel Updated 

1. Chart Phases and Wyckoff Elements Phase A (Accumulation and Distribution): This is marked in two key areas: Phase A Accumulation (at the bottom left): Indicates the initial formation of the price bottom after a downtrend. Phase A Distribution (at the top right): Indicates the potential for price topping before a reversal. Key Wyckoff concepts in...

spaceangel Updated 

Elliott Wave Analysis In the Elliott Wave Theory, markets move in repetitive cycles or "waves," consisting of five impulse waves and three corrective waves. The current chart shows we are approaching the end of the 5th wave in the current bullish cycle, suggesting that a correction is imminent. Wave Count and Structure: The chart shows that we have completed...

spaceangel Updated 

Elliott Wave Analysis: Extended Subwaves and Final Leg In this chart, the Elliott Wave structure appears to be at the latter stages of a complex Wave 5. The following points summarize the current wave count and structure: Wave V (5th Wave Completion): The market is nearing the completion of Wave V in the higher-degree structure, which consists of five smaller...

spaceangel Updated 

1. Market Structure and Elliott Wave Context: From the images, you have charted Elliott Wave structures across different timeframes. It appears that: In the 1-hour chart, the market has likely completed an impulse wave (v). This typically indicates the end of a larger wave movement, suggesting that a correction could follow. Impulse waves are characterized by a...

spaceangel Updated 

Elliott Wave Analysis The chart appears to be utilizing Elliott Wave Theory, which breaks down market movements into impulsive and corrective waves. Here's how it plays out: Impulsive Wave (1)-(5): The first wave count indicates that XAU/USD completed an impulsive five-wave structure (labeled 1, 2, 3, 4, 5). In Elliott Wave Theory, impulsive waves align with the...

02:52

spaceangel Updated 

Here is my out look for all possible time frames bullish out look for pound yen

spaceangel Updated 

Elliott Wave Structure: The chart appears to be within an Elliott Wave pattern, specifically focusing on the 5th wave. Wave 5 is nearing completion and has projected targets around 196.139. The invalidation level for this wave is located at 196.671—if price moves beyond this, it will invalidate the current wave count. Break of Structure (BOS): A Break of...

spaceangel Updated 

Wyckoff Distribution Phase: The chart shows clear signs of a Wyckoff Distribution, which suggests the market is in the process of transferring from bullish to bearish sentiment. The market is likely in Phase C, where the price tests supply at a premium level before a possible markdown phase. In Phase C, we typically see a test of the resistance zone (created by...

spaceangel Updated 

Elliott Wave Progression: The chart indicates a completed 5-wave Elliott Wave progression. Wave 3 had peaked at 2,702.967, and a corrective phase has begun, following the completion of Wave 5. An ABC corrective wave is likely in progress, where price will retrace toward support levels before resuming its next move. Fibonacci Retracement Levels: The retracement...

spaceangel Updated 

1. Elliott Wave Theory: Wave Analysis Wave 5 Completion (Top of Impulsive Move): End of Wave 5 marks the peak of the bullish phase, followed by a corrective move (ABC correction). Wave 5 Targets and Invalidations: Expected completion around 2,749 - 2,750 (resistance zone). Further upward movement could trigger profit-taking, invalidating further upward thrusts if...

spaceangel Updated 

Key Concepts: Wyckoff Phases and Distribution: The chart seems to follow the Wyckoff methodology, particularly focusing on Distribution phases (Phase A, B, C). The current price action appears to be in Phase C, approaching the potential markdown (downtrend) continuation. Supply and Demand Zones: A Bearish Order Block is identified at the upper part of the chart,...

spaceangel Updated 

. Harmonic Pattern Structure The chart seems to display a Gartley harmonic pattern. This can be seen through the labeled points X, A, B, C, D, which denote a classic five-point pattern used to predict potential reversals. The retracement levels (like 0.618 and 0.786) shown between these points suggest that price action is expected to respect key Fibonacci ratios....

spaceangel Updated 

Weekly Overview Market Structure & Key Levels: The chart displays a potential Bullish Order Block formation with a strong focus on the 196.70 - 197.00 level. This level acts as a primary area of interest due to significant market reactions and serves as the Point of Control (POC) for the upcoming week. A Break of Structure (BOS) has occurred, indicating a...

spaceangel Updated 

Current Market Structure and Phases Primary Phase: We’re in a Wyckoff Distribution Phase moving from Phase B (Testing of supply) towards Phase C (Market confirmation of weakness). Phase B: This phase contains a SOW (Sign of Weakness), where the price has broken support levels, indicating a strong selling interest. Phase C: Expected to confirm this distribution...

spaceangel Updated 

Wyckoff Structure and Market Analysis The chart illustrates the Wyckoff Distribution with phases A, B, C, and D, each representing distinct price movements and volume dynamics according to the Wyckoff methodology. Phase A highlights the initial Preliminary Supply (PSY) and the Automatic Rally (AR) levels, indicating the onset of selling pressure and potential...

spaceangel Updated 

1. Wyckoff Phases and Key Levels: Phase A (PSY & ST): Preliminary Supply (PSY) marks the area where early sellers start pushing prices down. The Selling Test (ST) occurs as buyers and sellers test the supply. These phases lay the groundwork for a potential accumulation or distribution phase. Phase B (B, AR, Creek, LPS, UT): In Phase B, B and Automatic Rally (AR)...